MIT Professor Calls Out the Biggest Lies Told About Entrepreneurs

Stop saying entrepreneurs are born or that they're the smartest people in the room. Many of those "truths" are myths, says Bill Aulet, author of 'Disciplined Entrepreneurship.'

August 26, 2016

I recently asked a question to my social media followers: “Are you born an entrepreneur or can you learn to be one?”

I believe you are born with some innate characteristics that make you an entrepreneur. Without those, it’s very difficult to be one. Bill Aulet, the managing director of the Martin Trust Center for MIT, would say I’m dead wrong. That’s just one of the myths he says are told about entrepreneurs–by entrepreneurs themselves.

Aulet has spent his career studying entrepreneurs and being one himself. He’s raised more than $100 million for his own companies and is the author of Disciplined Entrepreneurship. Aulet is out to debunk some of the “truths” you hear about starting your own business and making it big. Here are a few:

Entrepreneurs are mercurial individualists.

You’ve probably heard this one. Don’t get in the way of an emerging Mark Zuckerberg-type. He’ll run you over after pulling himself up by his bootstraps. Just not true. Aulet says: “Entrepreneurship is a team sport. Entrepreneurs work with other people, and they just don’t bulldog them.” Research shows that a two-person entrepreneurial team has a better chance of success than a single person. And a three-person team’s odds are even better.

Read the complete article at Inc. Magazine